Fasttortoise

Fasttortoise

Spy

Fasttortoise

SPY exceeded 10yr resistance line and rejected. Has broken uptrend into neutral wedge. Would need to break upwards with force or (more likely) fail at this long term resistance and fall.

Fasttortoise

S&P is meeting strong resistance at pre-corona high while achieving progressively lower lows. Wedge pattern is becoming clear. Expecting strong move down to 200 day moving average then recovery.